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skad [1K]
3 years ago
5

Job-Order Costing and Decision Making [LO2-1, LO2-2, LO2-3]

Business
1 answer:
Anastaziya [24]3 years ago
7 0

Answer:

a. $21 per machine hours

b. $4,855          

Explanation:

a. The computation of the plantwide predetermined overhead rate is shown below:

Plantwide predetermined overhead rate is

= Variable overhead cost rate per machine hour + Fixed overhead cost rate per machine hour

= $2 + (fixed manufacturing overhead cost ÷ Estimated machine hours)

= $2 + ($4,275,000 ÷  225,000 machine hours)

= $2 + $19

= $21 per machine hour

b. Now the total manufacturing cost assigned is

Particulars                                      Amount

Direct material                               $1,702        

Direct labor                                $1,221

Variable manufacturing overhead $168

(84 × $2)

Total variable cost                        $3,091

Add:

Fixed manufacturing overhead

(84 × $21)                                $1,764

Total manufacturing cost assigned

to Job P90                                    $4,855          

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Answer:

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Explanation:    

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We now use our financial calculator and input these amounts into the calculator.

We start of by entering the data and hitting ENT and do so for every Cash flow. At the end we press 2nd function CFI on our calculator. We then enter the discount rate of 18%. and press down button to get to NPV and then press COMP.

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3 years ago
The internal rate of return (IRR) is that discount rate that equates the present value of the cash outflows (or costs) with the
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Answer:

True

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The average annual stock return is 11.3%. If you begin your investment portfolio with $2,000, what will your portfolio be worth
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Answer:

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